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Techub News reports that Backpack founder Armani Ferrante posted on platform X stating that he believes Solana will become the unified financial layer of the global economy, a role that will continue to grow. Backpack aims to be the regulated backbone of this ecosystem, whether it be for stocks, derivatives, or wallets themselves.
Techub News reports that Shinhan Bank, the second-largest bank in South Korea, has announced the completion of a cross-border remittance pilot project based on Solana's stablecoin company. The pilot aims to seamlessly integrate cryptocurrencies into existing banking systems to revolutionize corporate remittance processes. This pilot primarily addresses the cross-border remittance needs of corporate clients by issuing and transferring stablecoins on the Solana blockchain to achieve real-time, low-cost cross-border settlements, demonstrating the feasibility of integrating traditional financial institutions with blockchain technology in corporate financial scenarios. (Crypto Briefing)
Techub News reports, according to an official tweet from Solana, the number of tokenized stock transactions on the Solana blockchain has surpassed all other blockchains. The report, jointly authored by Ondo, Backpack, and xStocksFi, and published by Arrakis Finance, aims to explore this phenomenon. The report provides a detailed analysis of the trading situation and advantages of tokenized stocks in the Solana ecosystem, accompanied by relevant data and insights. (@solana)
Techub News reports that the Solana validator codebase version v2.1.0 has been released on the testnet. This version includes critical infrastructure enhancements. Industry analysis points out that continuous technological upgrades are crucial for maintaining user confidence and market stability. As institutional participation accelerates in global markets, this upgrade lays the foundation for scalable and transparent operations. (NewsBTC)
Techub News reports that Anza, the core development team of Solana, has proposed a plan named SIMD-0675, which aims to schedule network validators based on their geographical locations. The proposal suggests that geographical scheduling could potentially enhance the efficiency of the Solana network, but it might also raise privacy concerns and impact the participation of validators.
Techub News reports that Solana's official account on platform X has announced the launch of FermiTrade on Solana. This is a decentralized exchange for perpetual contracts that employs an on-chain order book and matching engine, featuring verifiable first-in-first-out sequencing to ensure orders are prioritized according to their arrival sequence. The platform aims to achieve fast and fair trade execution.
Techub News reports, Solana officially announced the launch of a 3-month funded research program, inviting Ph.D. students to collaborate directly with Solana core engineers on researching core infrastructure. The program aims to merge academic research with engineering practice in blockchain underlying technology.
Techub News reports that the USD stablecoin OUSD launched by Open Standard has been officially issued on Solana. This stablecoin is issued by Stablecoin, and its reserve assets are jointly custodied by BlackRock, Lead Bank, and Bank of New York Mellon. Enterprises can mint and destroy OUSD at a 1:1 ratio for free through the stablecoin platforms of BVNK Finance, Stripe, and Visa.
Techub News reports that blockchain media Decrypt Media has partnered with decentralized prediction market platform Myriad Markets to launch The Information Exchange on the Solana blockchain. The platform aims to provide users with information trading services based on real-world events.
Techub News reported that Steve Kim, co-founder and CEO of Four Pillars, stated at the Solana Summit Korea event that businesses built on Solana create real revenue and establish truly sustainable operations, which is more important. He pointed out that currently over 38% of on-chain revenue is generated on the Solana network. Steve Kim mentioned that there are numerous applications generating revenue on Solana, to the extent that people say if you want to make money, build on Solana.
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